Updated Dec 4, 2024
Juan Sotolongo & Jesse Spencer Of Compass Broker $2.61M Multifamily Sale In Wynwood Norte
268 Northwest 34th Street
$2,610,000
$468/SF
Building Size
5,574 SF
Asset Type
MultiFamily
Closing
May 15, 2024
About this deal
AI
The multifamily property located at 268 Northwest 34th Street in Wynwood Norte was sold for $2,610,000. This property comprises 10 units with a total area of 5,574 square feet, resulting in a price per unit of $261,000 and a price per square foot of $468.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,610,000
- Units: 10
- Price per Unit: $261,000
- Square Footage: 5,574
- Price per Square Foot: $468
- Address: 268 Northwest 34th Street
- Market: Wynwood Norte
The sale of this property was facilitated by Juan Sotolongo and Jesse Spencer from Compass, who represented the parties involved in the transaction.
On the Map
$2,610,000
$468/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.08%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93